On CNBC’s “Halftime Report Final Trades,” Rob Sechan, CEO of NewEdge Wealth, picked Devon Energy Corporation (NYSE:DVN).
Devon Energy, on Oct. 8, disclosed a deal to sell its Eagle Ford assets to Crescent Energy (NYSE:CRGY) for $4.2 billion in cash.
Jim Lebenthal, partner and chief market strategist at Cerity Partners, named Lockheed Martin Corporation (NYSE:LMT) as his final trade.
Lending support to his choice, Lockheed Martin reported better-than-expected third-quarter financial results and raised its FY26 guidance on Oct. 22.
Lockheed Martin reported earnings of $7.97 per share, beating analysts’ consensus estimate of $7.42 and rising from $6.95 a year earlier. Revenue increased 11% year over year to $20.711 billion, exceeding the $20.495 billion consensus estimate. Net earnings climbed 14% to $1.845 billion.
Don’t forget to check out our premarket coverage here
Jason Snipe, founder and chief investment officer of Odyssey Capital Advisors, recommended The Goldman Sachs Group, Inc. (NYSE:GS).
On the earnings front, Goldman Sachs reported upbeat third-quarter earnings on Oct. 13. The company posted quarterly earnings of $17.01 per share, which beat the analyst consensus estimate of $13.08 per share. The company reported quarterly sales of $18.679 billion, which beat the analyst consensus estimate of $16.705 billion.
Stephanie Link, chief investment strategist, head of investment solutions and equity portfolio manager at Hightower Advisors, picked International Business Machines Corporation (NYSE:IBM).
On Oct. 21, IBM reported better-than-expected third-quarter results and issued FY26 sales guidance with its midpoint above estimates.
Price Action:
- Devon Energy shares gained 4.5% to close at $51.39 on Friday.
- Lockheed Martin shares rose 2.4% to close at $604.18.
- Goldman Sachs shares fell 1.8% to settle at $875.68 on Friday.
- IBM shares gained 0.6% to close at $253.56.
Photo via Shutterstock
Recent Comments